#Cryptocurrency Mining

All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.

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ForkLog 10 28.06.2021

Rosseti detect two illegal mining farms; damage exceeds 2 million rubles

Rosseti specialists, together with law enforcement, identified two mining farms illegally connected to the power grid.

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ForkLog 17 28.06.2021

Bitcoin hash rate sinks to July 2019 levels

Bitcoin's hash rate over the past 24 hours fell by 34% to 57.47 EH/s. According to Coin Metrics, the metric has not dipped below 60 EH/s since July 2019, when Bitcoin traded around $10,000.

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ForkLog 31 27.06.2021

MicroStrategy CEO calls China’s Bitcoin-mining crackdown a trillion-dollar mistake

Restrictive measures against the Bitcoin mining industry in China have been a tragedy for miners and a geopolitical misstep by the authorities. This was the view of MicroStrategy CEO Michael Saylor in an interview with Bloomberg.

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ForkLog 14 25.06.2021

Ethereum hash rate falls 20% amid Chinese miner outages

The Ethereum network's total hash rate fell sharply amid crackdowns on miners in China.

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ForkLog 17 25.06.2021

MSI launches third-most powerful Nvidia mining GPU

MSI has introduced the CMP 50HX MINER graphics processor. It is the third-most powerful model in Nvidia's specialized mining lineup.

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ForkLog 23 25.06.2021

Poolin halts payouts on ‘hashrate tokens’ amid crackdown on miners in China

Poolin, which controls 11.3% of Bitcoin's hashrate, announced the suspension of payouts of Bitcoin and Ethereum for users who locked hashrate-tokens in the Mars protocol.

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ForkLog 23 24.06.2021

Bitmain offers Chinese miners assistance with relocation abroad.

Representatives of the mining equipment maker Bitmain, at a meeting with clients in Chengdu, the capital of Sichuan province, shared information about organizing business abroad and offered assistance. The company reported this on WeChat.

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ForkLog 14 23.06.2021

Crackdown on Chinese miners drives up supply of used ASIC devices

The volume of used mining devices put up for sale has surged amid the Chinese authorities' decision to halt operations of key miners. This was reported by The Block.

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ForkLog 23 23.06.2021

Bitfarms shares fall 7% on first day of Nasdaq trading

On June 21, Bitfarms began trading on Nasdaq. Against Bitcoin's 8% drop, the stock fell 7.3%.

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ForkLog 14 23.06.2021

Experts assess the impact of Kazakhstan’s bitcoin mining levy on Chinese miners’ migration

The Senate of Kazakhstan's parliament passed a bill establishing an additional electricity levy for miners. The document is currently with President Kassym-Jomart Tokayev for signature.

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ForkLog 20 23.06.2021

Canaan Starts Bitcoin Mining in Kazakhstan

Chinese maker of mining equipment Canaan Creative has launched its first own Bitcoin mining operation.

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ForkLog 28 23.06.2021

Foundry vice-president: by the end of June 90% of Chinese miners will have shut down their equipment

About 70% of Chinese cryptocurrency mining companies have already shut down their equipment, and by June 30 their share will be close to 90%, said Kevin Zhang, Foundry's vice-president for business development.

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